Former CU Loan Officer Sentenced in Federal Court

Theft of $1.4 million brings almost three years in prison.

By Missy Baxter|July 22, 2013 at 07:45 AM

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A former loan officer at the $604 million Consumer’sCreditUnionin Waukegan, Ill. was sentenced in federal court last week to 35 months in prison and ordered to pay restitution for a scheme that involved $1.4 million in fraudulent loans, according to the U.S. Attorney’s Office in Milwaukee, Wisc.